Clark Title Company maintains an up-to-date title plant with experienced personnel for preparing new abstracts and continuation of abstracts.
What is an abstract?
An abstract may be defined as a "compilation, a synopsis or a statement of all recorded facts which in any material way affect the title to the property abstracted." Such facts are usually arranged chronologically, and are intended to show the origin of the title including all subsequent transactions of any liens, judgments, unpaid taxes and special assessments for improvements. Sometimes instruments are shown for reference only.
The purpose of the abstract is to afford the prospective buyer, or mortgagee, a speedy, convenient and safe method of ascertaining the condition of the title. By its use the purchaser or attorney may see the condition of the title as disclosed by the record, without having to make a specific inspection of the original instruments; or without making a lengthy search of the various records where information concerning the title is found.